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3016 Martin Luther King Jr Ave SE 4,530 SF Vacant Office Building Washington, DC 20032 $1,350,000 ($298.01/SF)
Investment Highlights
- Recently Renovated Turnkey Asset Ready for Immediate Occupancy
- Located at a Signalized Intersection with Open Floor Plans & Direct Access to I-295
- Proximate to the Congress Heights Metrorail Station & the 183-Acre St. Elizabeths East Redevelopment
- Minimal Deferred Maintenance | New Roof (2022), HVAC Units & Furnaces (2024)
- Qualified HUBZone | Allowing Businesses to Unlock Federal Contracting Set-Asides
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 3016 Martin Luther King Jr. Avenue SE, a vacant, well-maintained, three-level, 4,530-square-foot office building situated on a 1,926-square-foot lot with MU-4 zoning. The subject property was recently renovated and is suitable for immediate occupancy by an owner-user or tenant. Major building systems have been proactively updated, including roof repair (2025) and new HVAC and furnaces (2024), reducing expected near-term capital expenditure requirements. The subject property’s flexible MU-4 zoning and open, adaptable floor plans support a range of strategies, including owner-occupancy and repositioning. 3016 Martin Luther King Jr. Avenue SE is located at a high-visibility hard corner with convenient access to I-295 and connectivity between Washington, D.C., Prince George’s County, and Northern Virginia. The subject property is located approximately one-half mile from the Congress Heights Metrorail station, which serves the Green Line, and is positioned to benefit from ongoing investment along the Green Line corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
4,530 SF
Building Class
C
Year Built/Renovated
1947/2025
Price
$1,350,000
Price Per SF
$298.01
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,265 SF
Building FAR
2.35
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MU-4
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Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5952-0015 | Improvements Assessment | $752,510 |
| Land Assessment | $125,650 | Total Assessment | $878,160 |
Property Taxes
Parcel Number
5952-0015
Land Assessment
$125,650
Improvements Assessment
$752,510
Total Assessment
$878,160
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